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this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting president obama. >> gretchen: so now he and the rest of the costco board cashing in on that support, having voted to give them selves a special dividend to avoid the president's looming tax increase. so is this what the president means by tax fairness? the host of varney and company, stuart varney, is here. i'm so glad you're going to explain this because it is relatively complicated. what did they do? >> first of all, let me explain tax hypocrisy. here is how it works, the board of costco, which is headed by that gentleman, they vote themselves a special $7 per share dividend. he and his wife own 2 million shares
this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting...
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Dec 7, 2012
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the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican governor to opt for the federal government to step in and create the exchange. let's turn to former vermont governor howard dean and former chairman of the dnc and contributor to cnbc. governor dean, good to have you with us tonight. i think you know this whole story well. these republican governors want these exchanges simply to fail, but is it actually in a way better to have the federal government step in and get that infrastructure if we want to expand it down the road someday? how do you see it? >> well, that's the interesting thing. the republicans at this point are c
the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican...
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. ♪ >> i am robert grave with your fox business brief. president obama has taken to twitter to answer questions about the fiscal cliff. the president is trying to drum up support for higher taxes on the wealthiest americans. selling is morningstar food unit two canadian company for $1.5 billion. they say it will help boost its presence in the u.s. fannie mae and freddie mac are putting evictions on homes for the holidays. it does not mean the foreclosure process will stop, but families will avoid eviction for two weeks ending january 2. that is the latest from the fox business network. giving you the power to prosper. ♪ tracy: former presidential candidate mitt romney has rejoined the board. governor romney has served on the board twice before. dennis: no word whether his bank account makes him less qualified of a candidate on that one. microsoft hoping to take a bite out of apple's ipad business. the high price could be more than some customers can swallow. shiiani joshi joins us now with a fabulous new haircut. shibani: you didn't not
. ♪ >> i am robert grave with your fox business brief. president obama has taken to twitter to answer questions about the fiscal cliff. the president is trying to drum up support for higher taxes on the wealthiest americans. selling is morningstar food unit two canadian company for $1.5 billion. they say it will help boost its presence in the u.s. fannie mae and freddie mac are putting evictions on homes for the holidays. it does not mean the foreclosure process will stop, but families...
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in a recent cartoon he draws a young barack obama at the blackboard. government. joining us, a pulitzer prize-winning editorial cartoonist. he is a two-time pulitzer prize-winning editorial cartoonist senior editor with investors business daily. great to have you with us. be appreciated so much. i love your cartoons, and i would want to adjust, if we may, go to a few more of them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white house is giving me plenty of fodder for curtains. and it is funny to think about these events, but a very traumatic and serious. they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is very difficult. is very complicated and then cut spe
in a recent cartoon he draws a young barack obama at the blackboard. government. joining us, a pulitzer prize-winning editorial cartoonist. he is a two-time pulitzer prize-winning editorial cartoonist senior editor with investors business daily. great to have you with us. be appreciated so much. i love your cartoons, and i would want to adjust, if we may, go to a few more of them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to...
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president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then he went into a classroom and killed another person and then killed himself. the victims have not been identified, but police say all three, two men and one woman knew each other and they add that the attacker appeared to have worked alone. >>> we've got much more ahead this hour. >> here's a look at what's coming up. >> storming capitol hill naked. no, it wasn't a frat prank, it was a statement for aids awareness. and you won't believe whose office they took over. >> i think that what we can conclude is that we've got to be better. >>> an extreme makeover. that's what some republicans say the party needs after losing the presidency and seats in congress. all morning we'll look at how the grand old party might be looking for a bold new image. humiliating tasks and degrading exercises, all part of
president obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then he went into a classroom and killed another person and then killed himself. the victims have not been identified, but police say all three, two men and one woman knew each other and they add...
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tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion doll
tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant...
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, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my perspective, what i see is that we know that we're a confidence-based economy, we're 70% of the economy driven by consumer spending and anything that puts a crimp in consumer spending is not good for the economy. so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very qui
, what obama care can do for small business, but you said we shouldn't worry about that so much, that we should get some sort of compromise in order to keep moving and keep talking and keep moving forward? >> well, i think that it was pretty clear during the course of the election and since and even in the president's speech today where he said he's willing to give on some revenue and some spending cuts, he's proposed some, he's already passed some into law. and beyond that, just from my...
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. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke on the phone yesterday. both men agreeing not to publicly characterize how the conversation went. but the stalemate in negotiations entered bold new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the top 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest members. only 2%. the size of the problem in some sense is so
. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke...
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. >>> president obama also told business leaders he will not play games with the fashion's debt ceiling. >>> a string of unseasonably mild days continues right now. a live look outside. and not too bad of a day. but not nearly as warm as the last few days we've seen. bob is in the first warning weather center with the updated forecast. bob? >> if you were asleep all day today, awake yesterday. and going out tonight. big change. because temperatures have been dropping. down to 49. now, it's down to freezing. 32 in oakland. that's coming our way. 48, ocean city. and we are running 11 degrees colder right now than we were yesterday at this time. in oakland, 22 degrees colder, as you see, out to the west. white a bit colder. and tomorrow will be a sunny, dry day. but it will be chilly. temperatures only in the 40s. probably only mid-40s tomorrow afternoon. it will be colder next day or so. but even milder air coming back for the weekend. >>> big business for baltimore. the national aquarium is one of the most popular tourist attractions downtown. and it's raking in money. wjz is live there
. >>> president obama also told business leaders he will not play games with the fashion's debt ceiling. >>> a string of unseasonably mild days continues right now. a live look outside. and not too bad of a day. but not nearly as warm as the last few days we've seen. bob is in the first warning weather center with the updated forecast. bob? >> if you were asleep all day today, awake yesterday. and going out tonight. big change. because temperatures have been dropping....
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it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to giv
it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of...
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right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i recognize that all of you have an enormous investment not only in your own compa
right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know,...
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he obviously made it very clear that he didn't think that president obama knew anything about business or the economy. he was the expert. so why not help out? >> i wouldn't make him treasury secretary. you wouldn't want to have that tax plan put into effect. >> he could be in charge of building new business or something. >> look, it's -- this is a moment when american democracy functions. it's rare, as i said before, that presidents do this or that the winning candidate does this. there is the iconic picture of kennedy and nixon in 1960 when nixon went to visit the preelect. more common is what happened with franklin roosevelt who is sitting in the car with herbert hoover. he is glou he go. he won't speak to roosevelt. roosevelt points up at the steel on the commerce department building and says, isn't that a remarkable superstructure. hoover keeps glouerring and roosevelt decides he will wave at the crowds and the crowds are cheering. what we are going to see tomorrow is more civility than you sometimes see after these elections. >> the president has met with ceos, the fraternal order
he obviously made it very clear that he didn't think that president obama knew anything about business or the economy. he was the expert. so why not help out? >> i wouldn't make him treasury secretary. you wouldn't want to have that tax plan put into effect. >> he could be in charge of building new business or something. >> look, it's -- this is a moment when american democracy functions. it's rare, as i said before, that presidents do this or that the winning candidate does...
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. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice ca
. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest...
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any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they back off because of media and public pressure? >> yes, for the most part, yes. the problem is that the media coverages, they're not reporting that darden and other restaurants like it can no longer offer the health insurance plans they were offering. they've got a lot of of turnover and half the work force quit because health reform outlaws the so-called mini-med plan. and the other issue, too, now we've got an environment where ceo's cannot speak up about the impact of health reform and bottom line and jobs when we've got treasury secretary tim geithner overseer of spending and protector of the u.s
any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they...
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it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president sent a strong message to the republicans, don't mess with my u.n. ambassador. rice a welcomed signal that her nomination is still alive despite another brutal day on capitol hill. >> the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> reporter: why is she such a lightning rod? even at 5'3" as a star point guard for washington's elite school, she is a rohde sc
it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president...
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president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was
president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500...
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you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down wi
you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me...
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. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed back
. >> coming up president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for...
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seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the wrong guy. they can be a valuable ally in the fiscal cliff push because they're an important component of the republican party. if business leaders come out and recognizing, we've been through the experience of the debt crisis in 2011, business leaders who care about this, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's somet
seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the...
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that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected rep
that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense...
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the obama administration says, no. the sessions are a sham. they last less than a minute. the congress or the senate when it decided to do this passed an order saying that no business would be conducted during these pro forma sessions. what are more do you need? the senate says we'll decide whether we're in recess or not and we say we're not, and not only that in the early part of the recess from december of last year to january of this year, the senate actually passed an extension to the payroll tax cut. so is the senate in recess or not? and this is it either going to go to the supreme court, chuck, or the courts are going to say, you know what, we can't -- this is a dispute between the political branches. you guys work it out. i don't think it's 100% clear whether the courts will decide they can decide this question. >> that seems odd. i want to throw up a graphic. obama has actually done fewer, 32. he had fewer opportunities. bush 43 did 99. clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagr
the obama administration says, no. the sessions are a sham. they last less than a minute. the congress or the senate when it decided to do this passed an order saying that no business would be conducted during these pro forma sessions. what are more do you need? the senate says we'll decide whether we're in recess or not and we say we're not, and not only that in the early part of the recess from december of last year to january of this year, the senate actually passed an extension to the...
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american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openly. >> bipartisan bourbon perhaps. >> yes. >> y
american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated...
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. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agre
. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now...
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businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we have to get our spending in order as well. >> you're taking a bit of heat actually for signing onto that fix the debt campaign. as you outline it, it sounds lovely and bipartisan but a lot of critics say it's a deal that favors corporate
businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we...
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president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. >> there is movement on these talks and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over t
president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the...
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president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored with the jack kemp leadership awards and rubio said he's against the president's plan because he says it will hurt businesses and workers. [ applause ] >> this isn't about a pledge. it isn't about protecting millionaires and billionaires. for me, it's about the fact that tax -- the tax increases he wants would fail to make a small dent in the debt but it would hurt middle-class businesses and the people who work for them. >> also, paul ryan was there. he delivered the keynote speech. he was last year's winner of the kemp leadership award. >>> controversial comedian katt williams says he's done. he's quitting standup comedy after another run-in with the law. >> i'm just gonna go ahead and announce my retirement from standup. i'm
president obama is meeting with business leaders about all of this right now and we expect to hear with him -- from him within the hour. alison burns, ktvu channel 2 news. >>> 7:16. florida republican senator marco rubio said republicans should take a strong stand against president obama's plan to raise taxes on upper income americans. last night, he was honored with the jack kemp leadership awards and rubio said he's against the president's plan because he says it will hurt businesses...
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Dec 7, 2012
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. >> did you see that background behind president obama? it kept saying, business roundtable. the business community agrees with him. my colleague at the "washington post," greg sergeant, reports, "the business roundtable, the biggest and most powerful business trade groups is prep e preparing to come out to give the president essentially unilateral authority to raise the debt ceiling forever more, ending these crises forever." republicans will have to compromise with the president who will have already pocketed $1 trillion in tax increases. business will be screaming. the economy will be convulsing. they'll be getting blamed. that is supposed to put him in the weaker bargaining position? it's frankly hard for me to see how this strategy gets the gop any of what it wants in terms of policy or politics. this doomsday they are courting, it might be their own. joining us now, chrystia freeland, editor for thompson reuter's digital and author of "the plutocrats: how the rich is getting ahead and the economy is failing everyone else." i think i messed up your subtitle. >> it's okay
. >> did you see that background behind president obama? it kept saying, business roundtable. the business community agrees with him. my colleague at the "washington post," greg sergeant, reports, "the business roundtable, the biggest and most powerful business trade groups is prep e preparing to come out to give the president essentially unilateral authority to raise the debt ceiling forever more, ending these crises forever." republicans will have to compromise with...
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of negotiating a tax cut, and president obama gets to negotiate a tax cut with republicans, a lot more fun and easier to do than tax increases. i don't know they get more leverage in the new year with the possible exception that the fact that, you know, the debt ceiling will loom again, hitting that debt ceiling giving republicans some leverage down the road, but in the short term, you're right, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well, you know, i'm hearing -oth from my individual constituents and business owners they are really concerned about the spending problem in washington. that's not really talked about. there's a lot of focus on the other side, bu
of negotiating a tax cut, and president obama gets to negotiate a tax cut with republicans, a lot more fun and easier to do than tax increases. i don't know they get more leverage in the new year with the possible exception that the fact that, you know, the debt ceiling will loom again, hitting that debt ceiling giving republicans some leverage down the road, but in the short term, you're right, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you...
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president obama telling business leaders he is cheering for their success. tax hikes for the wealthy saying there will be no deal without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in septem
president obama telling business leaders he is cheering for their success. tax hikes for the wealthy saying there will be no deal without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed,...
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all over america who have worked hard to build these businesses, their businesses, from the ground up is how our economy became the envy of the world. it is the american way, and i wish this president would learn how to be an american. >> people have birth certificates. he doesn't have a birth certificate. now, he may have one, but there's something on that, may be religion, maybe it says he's a muslim, i don't know. maybe he doesn't want that. or he may not have one. but i will tell you this, if he wasn't born in this country, it's one of the great scams -- >> these aren't exactly cheerleaders for black participation in the republican party. donald trump -- mitt romney genuflected to that guy in the campaign. let the congressman talk. let j.c. talk. i don't know how you react to that. i want to know. >> chris, on the birther thing, i think that's a losing issue. >> why do the republicans push it? >> i can't speak for republicans. you don't hear me talking -- >> i think you want to chair the party. >> that's the reason. >> you're going to have to speak for these clowns. >> for that re
all over america who have worked hard to build these businesses, their businesses, from the ground up is how our economy became the envy of the world. it is the american way, and i wish this president would learn how to be an american. >> people have birth certificates. he doesn't have a birth certificate. now, he may have one, but there's something on that, may be religion, maybe it says he's a muslim, i don't know. maybe he doesn't want that. or he may not have one. but i will tell you...
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president obama told business leaders it won't being eliminated but they're still talking about it. according to "the wall street journal" fidelity's charitable gift fund brought in 1.2 billion in the first nine months of the year. that is up more than 60% from last year. i know. people are giving. charitiessare even getting in the mix. they're ramping up collection efforts going into the end of the year. ashley: bet they are. tracy: you say what you want how philanthropic we are, it is all about the tax deduction. you take it away, it is a lot about the tax deduction. you take it away, there will be a lot of charities that are --. ashley: i'm cynical. but i agree. of course. >>> ibm hoping to save millions of dollars by changing its 401(k) contributions. how much does it cost the employees though? gerri willis is here on that story next. tracy: as we head out to break, the dow is up 55 points. look at some winners and losers on the s&p 500. avon calling up 5.6%. and genworth financial. and big lots, as nicole mentioned earlier, your loser on the s&p 500. we'll be right back. ♪ â™
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
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the wife of costco co-founder jeff brattman is an obama bundler. the co-founder is a longtime democratic donor who defended president obama's economic record at the democratic national convention. but his business model has always been on the side of the worker, unlike walmart and sam's club with its history of union busting, low wages and benefits. sinigal says treating employees well is good business. costco pays itself workers more, too. costco cfo, richard galanti told "the ed show" employees get $20.50 an hour on average, that's about 40 grand a year. health benefits are offered to full and part-time employees with workers paying only about 10% of their premiums out of pocket. let's turn to steve greenhouse, labor and workplace reporter for "the new york times" and the author of "the big squeeze." great to have you here tonight, mr. greenhouse. what do you make of the symbolism, and i believe it's symbolism that the vice president went to costco today to make a statement about the middle class but also how to treat workers. >> i think it's a t
the wife of costco co-founder jeff brattman is an obama bundler. the co-founder is a longtime democratic donor who defended president obama's economic record at the democratic national convention. but his business model has always been on the side of the worker, unlike walmart and sam's club with its history of union busting, low wages and benefits. sinigal says treating employees well is good business. costco pays itself workers more, too. costco cfo, richard galanti told "the ed...
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in virginia, a state that votes most like the rest of the country and has now twice voted for barack obama. how extreme is cuccinelli? he reports personhood, the moment after conception, the fetus or unborn child has the rights of life, liberty, and property and that gets serious business. his own website uses the harsh language on immigration. ken is committed to solutions that remove the economic incentives that encourage i will lyle immigration, illegal aliens who choose to break additional laws by stealing identities, dealing drugs, joining criminal gangs, driving without a license, or committing fraut must receive prompt justice and deportation. no ifs, ands, or buts. i'd say that was clear. he also -- he altered the virginia state seal for modesty. notice that woman is a bit more french than her display but he says he wanted to make sure that bare breast was removed from the goodess of virtue. small point. when cuccinelli had lapel pins made the gozess' breast was covered. small point. he discussed concerns about getting a social security number for a soon to be born child. he was wo
in virginia, a state that votes most like the rest of the country and has now twice voted for barack obama. how extreme is cuccinelli? he reports personhood, the moment after conception, the fetus or unborn child has the rights of life, liberty, and property and that gets serious business. his own website uses the harsh language on immigration. ken is committed to solutions that remove the economic incentives that encourage i will lyle immigration, illegal aliens who choose to break additional...
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the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been arrogant since barack obama won in covering him and in covering in particular this fiscal cliff. tony, your thoughts. >> it could only be an msnbc anchor to take this long to figure out. there have been some media, the financial times which endorsed the president has called the president's bluff on this plan. they say this is the same proposal he put in front of congress that received zero votes a year ago, not even one democratic vote. but what the media has been doing is buying into this story line that president obama has some sort of mandate to do whatever he wants and that is truly false. obviously
the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been...
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a mid-week summit with the business leaders that supported romney. the ceos of marriott, at&t and state farm. of course, meeting, after meeting, after meeting with speaker, john boehner and republican leaders. with this strategy, president obama keeps his opponents from being able to claim that he is unreasonable or stone walling. heck, i have y'all over every day, he can claim. it also ensures that they know where he stands, in the oval office. return there for another four years by the american people. which is why the president has been reminding his coalition of this. >> don't ever take sides against anyone against the family again. >> president obama is letting his electoral coalition or his family know that now is the time to hang together totally, rather than allow republicans to pick you have vulnerable, nervous members of the democratic coalition, he is getting the family in line. he reached out to voters to do their part to continue campaign. calling on all americans to raise awareness about the fiscal cliff, to get in touch with their cong
a mid-week summit with the business leaders that supported romney. the ceos of marriott, at&t and state farm. of course, meeting, after meeting, after meeting with speaker, john boehner and republican leaders. with this strategy, president obama keeps his opponents from being able to claim that he is unreasonable or stone walling. heck, i have y'all over every day, he can claim. it also ensures that they know where he stands, in the oval office. return there for another four years by the...
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Nov 30, 2012
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jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to...